A cartel differs from a monopoly in that B) businesses making the same product agree to limit production. A cartel is an agreement between producers of goods, usually primary products like oil or natural gas, who work together to set a price at an agreed upon price that is a distortion above of what the market's equilibrium price would be for the good without the cartel's intervention.
It is a false statement that a debit is always a negative entry under the double-entry system of accounting,
<h3>What is the double-entry system?</h3>
In accounting, this refers to the system for recording transactions based on recording increases and decreases in accounts so that debits equal credits.
Hence, the double-entry system requires that each transaction must be recorded in at least two different accounts.
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Answer:
The average collection period is 56.25 days
Explanation:
The average collection period is the number of days' sales in receivables and calculated by using following formula:
The number of days' sales in receivables = 360/Accounts receivable turnover ratio
Accounts Receivable Turnover = Net Credit Sales/Accounts Receivable
Net Credit sales = Total Sales - the sales are for cash = $1,800,000 - 20% x $1,800,000 = $1,440,000
Accounts Receivable Turnover = $1,440,000/$225,000 = 6.4 times
The number of days' sales in receivables = 360/6.4 = 56.25 days
Answer:
It may lead to groupthink.
It may affect the message's clarity.
Explanation:
Collaborative business message writing has to do with when a group of people creates a project or business message together rather than doing it individually.
Groupthink describes when a group sets asides their personal belief to get a consensus within a group and this can lead to bad decisions as members of the group can sidestep problems in order to fit into a group's decisions.
The clarity of the message can be affected because the different members of the group all have different ideas and would try to sacrifice some of their ideas for the group.
Answer:
$270,000
Explanation:
The first step is to calculate the overhead cost of the material handling parts
Since each wind stock require 3 parts then the overhead cost can be calculated as follows
= 3 × 20,000
= 60,000
The overhead cost of machining hours can be calculated as follows
Since 5 minutes is spent in the machining department then overhead cost is
= 5× 20,000
= 100,000
The overhead cost of packaging number of finished units can be calculated as follows
= 2 × 20,000
= 40,000
Total overhead cost= 100,000 + 60,000 + 40,000
= 200,000
The total cost of direct materials and labor can be calculated as follows
= 3.5 × 20,000
= 70,000
Therefore the total cost of producing 20,000 windstocks is
= Total overhead cost + total cost of direct materials and labor
= 200,000 + 70,000
= $270,000
Hence the total cost of producing 20,000 windstocks is $270,000
